Zensurance

Zensurance

Simplifies commercial insurance for small businesses

About Zensurance

Simplify's Rating
Why Zensurance is rated
B-
Rated C on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Acquired

Total Funding

$12.5M

Headquarters

Toronto, Canada

Founded

2016

Overview

Zensurance simplifies the process of obtaining commercial insurance for small businesses in Canada. Acting as a broker, Zensurance connects small business owners with various insurance providers to offer products like liability insurance, cyber liability insurance, and commercial auto insurance. By utilizing advanced technology, they keep operational costs low, allowing them to provide competitive rates and a streamlined purchasing experience. Unlike many competitors, Zensurance offers 24/7 support through a dedicated claims team, ensuring clients receive assistance whenever needed. Their goal is to empower small businesses by making insurance accessible and affordable, while also providing educational resources to help owners understand their insurance needs.

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Simplify's Take

What believers are saying

  • AI-driven underwriting enhances personalized insurance offerings for small businesses.
  • Embedded insurance trends offer new distribution channels for Zensurance.
  • Growing demand for cybersecurity insurance aligns with Zensurance's product expansion.

What critics are saying

  • Increased competition from InsurTech startups may erode market share.
  • Rising customer expectations require continuous innovation in technology and services.
  • Potential regulatory changes in Canada could impact operations and compliance costs.

What makes Zensurance unique

  • Zensurance simplifies insurance for small businesses with a tech-driven approach.
  • They offer curated insurance packages tailored to specific industry needs.
  • Zensurance provides 24/7 claims support, enhancing customer satisfaction and loyalty.

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Funding

Total Funding

$12.5M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Remote Work Options

Hybrid Work Options

Comprehensive and Flexible Health and Dental Plans

Health Savings Account/Flexible Spending Account

Parental Leave

Home Office Stipend

Company News

Coverage
May 29th, 2024
Zensurance Selected As Preferred Provider Of Business Insurance By Amazon Canada

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Coverage
Aug 21st, 2020
Zensurance secures Series B financing

Zensurance’s products help small business owners protect and grow their businesses with confidence.

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